Houston Texas, the fourth largest city in the country, is considered one of the best places to live in the United States and for those pursuing the American dream of owning a home, that dream is possible in Houston. If you're looking for some long term capital appreciation through real estate investment, then real property in Houston could certainly prove to be a good investment. The most stable property prices range from $250,000 to $650,000 and should bring the best long term appreciation.
If you tend to be more of a cautious investor, but still want to grab some of the best real estate for sale in Houston then you might want consider one of the new developments that are under construction. $200,000 or less can get you a pre-selling unit that can be turned into a very attractive property to rent out as a vacation home, or on a more permanent lease basis. These developments often provide relaxed and secluded living, surrounded by a natural outdoor setting, and at a much lower price than you might pay outside of such developments.
Whether you're looking for a new home of your own or a financial investment, these developments are some proving to be some of best real estate in Texas. They provide the advantage of living in a secure estate-like community, but with a spacious outdoor feel, since most of these properties have expansive back yard spaces allowing for privacy from nearby neighbors. Purchasing one of these development properties could prove to be a very wise property investment.
There are also some property investments available that can provide a slightly lower risk for some of the more cautious real estate investors. Most of these lower risk, but high potential homes come in under the $140,000 price range, making them easily affordable and represent a risk that even smaller private investors find acceptable. In some of the lower priced areas the average return on real estate can be as high as 20% yearly.
While the majority the better homes for sale in Houston are new construction, a lot of the older homes might be considered a fixer upper or need some significant renovations. This is probably one of the main contributing factors in the large price variations in the area, and while not all the lower priced homes are in need of repairs, it definitely pays to be cautious and thoroughly investigate each potential property. If you take the time to do some research and use the services of an informed real estate agent familiar with the area, you should find a safe investment that will bring some good returns down the road.
Whether you're a first time buyer in search of the perfect condo or a small two bedroom home, an established family looking for the big back yard and a good school district, or a property investor looking for long term capital growth, Houston Texas could end up being one of the safest and smartest real estate investments for the money.
Cherri Fox provides articles for a Houston realtors directory with focused on helping home buyers find the best Houston Realtor from a list of pre-screened real estate agents.
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